GWM Advisors LLC Acquires New Position in Peabody Energy Co. (BTU)

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GWM Advisors LLC acquired a new stake in shares of Peabody Energy Co. (NYSE:BTU) during the 3rd quarter, HoldingsChannel reports. The fund acquired 6,422 shares of the coal producer’s stock, valued at approximately $229,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Public Employees Retirement Association of Colorado purchased a new position in shares of Peabody Energy during the third quarter valued at approximately $371,000. Russell Investments Group Ltd. lifted its stake in shares of Peabody Energy by 7.8% during the third quarter. Russell Investments Group Ltd. now owns 315,888 shares of the coal producer’s stock valued at $11,359,000 after buying an additional 22,834 shares during the period. First Trust Advisors LP lifted its stake in shares of Peabody Energy by 49.4% during the third quarter. First Trust Advisors LP now owns 123,115 shares of the coal producer’s stock valued at $4,388,000 after buying an additional 40,698 shares during the period. First Quadrant L P CA lifted its stake in shares of Peabody Energy by 278.1% during the third quarter. First Quadrant L P CA now owns 14,784 shares of the coal producer’s stock valued at $527,000 after buying an additional 10,874 shares during the period. Finally, Seven Eight Capital LP purchased a new position in shares of Peabody Energy during the third quarter valued at approximately $1,383,000. 99.17% of the stock is currently owned by institutional investors and hedge funds.

In related news, EVP Charles F. Meintjes sold 35,000 shares of the company’s stock in a transaction that occurred on Monday, August 27th. The shares were sold at an average price of $42.10, for a total transaction of $1,473,500.00. Following the completion of the transaction, the executive vice president now owns 170,910 shares of the company’s stock, valued at $7,195,311. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP A. Verona Dorch sold 28,987 shares of the company’s stock in a transaction that occurred on Monday, November 5th. The stock was sold at an average price of $35.07, for a total transaction of $1,016,574.09. Following the transaction, the executive vice president now directly owns 142,456 shares of the company’s stock, valued at approximately $4,995,931.92. The disclosure for this sale can be found here. Insiders have sold 79,486 shares of company stock valued at $3,108,904 in the last ninety days. 0.42% of the stock is currently owned by company insiders.

BTU has been the topic of several recent analyst reports. Seaport Global Securities downgraded shares of Peabody Energy from a “buy” rating to a “neutral” rating in a research note on Friday, September 28th. Zacks Investment Research raised shares of Peabody Energy from a “hold” rating to a “strong-buy” rating and set a $49.00 price objective on the stock in a research note on Wednesday, September 26th. B. Riley reduced their price objective on shares of Peabody Energy to $45.00 and set a “buy” rating on the stock in a research note on Monday, October 1st. ValuEngine downgraded shares of Peabody Energy from a “sell” rating to a “strong sell” rating in a research note on Thursday, November 1st. Finally, Clarkson Capital downgraded shares of Peabody Energy from a “buy” rating to a “hold” rating and set a $47.00 price objective on the stock. in a research note on Friday, September 28th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $44.33.

Shares of BTU stock opened at $35.30 on Wednesday. Peabody Energy Co. has a one year low of $30.49 and a one year high of $47.84. The company has a quick ratio of 1.81, a current ratio of 2.05 and a debt-to-equity ratio of 0.41. The company has a market cap of $4.20 billion, a P/E ratio of 8.82 and a beta of 0.64.

Peabody Energy (NYSE:BTU) last issued its quarterly earnings results on Tuesday, October 30th. The coal producer reported $0.59 EPS for the quarter, missing the consensus estimate of $1.14 by ($0.55). Peabody Energy had a return on equity of 19.01% and a net margin of 13.20%. The company had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.37 billion. During the same period last year, the company posted $1.47 EPS. The business’s revenue for the quarter was down 4.4% on a year-over-year basis. Research analysts anticipate that Peabody Energy Co. will post 3.47 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 21st. Investors of record on Wednesday, October 31st will be given a dividend of $0.13 per share. This is a positive change from Peabody Energy’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend is Tuesday, October 30th. This represents a $0.52 annualized dividend and a yield of 1.47%.

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Peabody Energy Profile

Peabody Energy Corporation engages in coal mining business. The company operates through six segments: Powder River Basin Mining, Midwestern U.S. Mining, Western U.S. Mining, Australian Metallurgical Mining, Australian Thermal Mining, and Trading and Brokerage. It is involved in mining, preparation, and sale of thermal coal primarily to electric utilities; and metallurgical coal that include hard coking coal, semi-hard coking coal, semi-soft coking coal, and low-volatile pulverized coal injection for industrial customers.

Further Reading: When is a capital gain realized?

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Institutional Ownership by Quarter for Peabody Energy (NYSE:BTU)

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